How to Buy Doge20?
Dogecoin20 (Doge20, $DOGE20) is a new cryptocurrency that represents Dogecoin's potential with enhanced structure and sustainability. This article provides a complete walkthrough on purchasing Doge20 and an insight into its out-of-the-box features and benefits.
Understanding Doge20
Doge20 is an upgraded version of Doge with better tokenomics built on a fixed supply and staking mechanisms. Doge20 offers both a meme-based marketing strategy that will appeal to short-term and long-term investors — with only 140 billion tokens being minted in total.
Steps to Buy Doge20
Step 1: Set Up a Crypto Wallet
You can only buy Doge20 if you are a user of supported cryptocurrency wallet. By far, the most used one is MetaMask, which lets you hold Ethereum-based tokens such as Doge20. Here’s how to set it up:
- Download MetaMask: Browse to the MetaMask website or install from your device app store.
- Create a Wallet: Set-up a new wallet and save the seed phrase safely.
- Add Funds: Transfer Ethereum (ETH) or Tether (USDT) to your MetaMask wallet. These will be used to buy Doge20.
Step 2: Visit the Doge20 Presale Website
Doge20 tokens are initially available through a presale. Visit the official Doge20 presale website to participate. Ensure you’re on the correct site to avoid scams.
- Connect Wallet: On the presale site, click the “Connect Wallet” button and select MetaMask.
- Enter Amount: Enter how much ETH / USDT you wish to spend in purchasing Doge20 tokens.
- Confirm Transaction: MetaMask will open up with the message to Sign or Confirm Transaction.
Step 3: Stake Your Doge20 Tokens
Doge20 is one of the rare DeFi tokens which rewards holder with high returns in a year for investors to start staking unlimited.
- Automatic Staking: By purchasing Doge20 during the presale period, you will be staked automatically, and you have the option to swap from USDT or ETH.
- Claiming Tokens: After the presale is over, you can redeem your Doge20 tokens on the pre-sale site. Or, you can pick to leave them staked for longer in order to increase your take's profits.
Why Invest in Doge20?
Limited Supply
The token has an unlimited supply as Dogecoin itself. This scarcity, especially in the rising digital age of everything can lead to competition and thus appreciation.
High Staking Rewards
Doge20 staking has some really juicy rewards and this is how early investors make big benefit from it. Currently, it's 410% APY and that will always be a no brainer for those trying to ramp up their yield.
Community and Marketing
At its core, Doge20 aims to be a social experiment that takes what worked about meme coins previously and make it network effects viral. We have allocated 25% of the rewards to be used for marketing (including free crypto giveaways and airdrops) in order to boost engagement & adoption.
Philanthropic Goals
Doge20 embodies such a “do-only-good-everyday” philosophy, having been encouraged by their success with charitable bets and working up community projects accompanied them in making the offer. It is increasing the attractiveness of project, as well it will be suitable for values of large number.
Doge20 Roadmap
The roadmap of Doge20 communicates its major development phases:
- Presale and Marketing: This stage is dedicated to the presale that continues, as well a very professional marketing campaign.
- Staking Incentives: Before the token is officially listed on exchanges, early investors can gain access to a high variable yield by interlocking their tokens.
- Token Launch: Post-presale, Doge20 will list on the Uniswap decentralized exchange (DEX), providing greater liquidity and trading opportunities.
- Long-term Rewards: A significant percentage of the token supply will be distributed as staking rewards in order to promote long-lasting holding and ecosystem stability.
Risks and Considerations
Doge20 does present some exciting opportunities, but it is vital to take into account the risks involved:
- Volatility: Meme coins are very risky, the riskiest in fact. As this is a literally meme-based token, the price can have massive fluctuations based on market somersaults and social media waves.
- Vesting Period: Staking rewards are locked up for two years since its upon the assumption that vested tokens will be staked over this duration in order to maximise gained post-lockup time.
- Project Sustainability: The success of Doge20 ultimately depends on whether people use it and if the team can deliver what they promised.
Conclusion
Between its restricted supply, sizable staking rewards and network-orientated growth strategy, Doge20 seems like an appealing (and with breadth) investment vehicle in the meme coin space. Through the process detailed above, you can acquire and stake Doge20 quite easily to possibly gain exposure to its one-of-a-kind characteristics and growth trajectory. Remember to always do your own research and never invest more than you can afford to lose in any cryptocurrency.